D. Plans for Program Improvement and Recommendations for Legislation
Increased efforts will be made to reduce outstanding defaults in the Direct
Loan program by strengthening Institutional due diligence requirements and
by intensifying collection activities. These efforts, if successful , will
result in more funds becoming available for new loans,
E. Supporting Studies and Analysis Cited In Section C:
1* Program files, Office of Postsecondary Education, U.S. Department of
2. The Cooperative Institutional Research Program (CIRP), University of
California at Los Angeles, California, 1984.
3. "A Report on the Funds Distribution Formula Under the Campus-Based Pro-
grams". U.S. Department of Education. March 15, 1983.
F. Other Supporting Data
Tables 1 and 2 show the distribution of Direct Loans to full-time freshmen
with different family Incomes and costs of education as well as the average
loan amount and the percentage of total cost met by these loans. Table 3
provides the distribution to students of different income, race and sex.
The data indicates that women as a whole had higher rates of participation
although loan amounts were almost the same as men. Blacks, however, generally
borrowed at higher rates than whites but for considerably smaller amounts.
These comparisons vary somewhat by income but are generally consistent.
Data for the 1983-84 academic year will be available in the Spring of 1985.
III. RESPONSE TO GEPA 417(b)
Studies 1n progress are as follows:
o The CIRP survey referred to in E.2 above indicates annual data on <*istri-
butlon of aid from Federal student aid programs for first-time, full-tme
freshmen of different race and sex.
Contacts for Further Information
Program operations: Robert Coates, (202) 245-2320
Program studies: Dan Morrissey, (202) 245-8281